- WF International Ltd. reported a **206.1% increase in revenue** to **$8.7 million** for the six months ended March 31, 2025, compared to $2.9 million for the six months ended March 31, 2024, primarily due to a recovery in ongoing real estate projects.  **[1979610_0001731122-25-001274_e6857_ex99-2.htm:0]** **[1979610_0001731122-25-001274_e6857_ex99-2.htm:4]** 
- Despite the revenue growth, the company incurred a **net loss of approximately $0.4 million** for the six months ended March 31, 2025, a shift from the net income of approximately $0.4 million in the corresponding period of 2024.  **[1979610_0001731122-25-001274_e6857_ex99-2.htm:7]** 
- The **gross profit margin decreased significantly from 28.9% to 5.6%** for the six months ended March 31, 2025, attributed to factors such as project terminations, increased bidding competition, and higher labor costs.  **[1979610_0001731122-25-001274_e6857_ex99-2.htm:4]** **[1979610_0001731122-25-001274_e6857_ex99-2.htm:7]** 
- Net cash **used in operating activities was approximately $71,000** for the six months ended March 31, 2025, compared to net cash provided of approximately $0.4 million in the prior year.  **[1979610_0001731122-25-001274_e6857_ex99-2.htm:9]** 
- Subsequent to the reporting period, on **April 2, 2025**, the company completed an **initial public offering (IPO)**, selling **1,400,000 ordinary shares** at **$4.00 per share**.  **[1979610_0001731122-25-001274_e6857_ex99-2.htm:9]** **[1979610_0001731122-25-001274_e6857_ex99-1.htm:26]**

WF International (WXM)